(1) Each political committee shall establish a single exclusive campaign account in a financial institution, as defined in ORS 706.008 (Additional definitions for Bank Act). The financial institution must be located in this state and must ordinarily conduct business with the general public in this state.
(2) A political committee shall maintain the campaign account in the financial institution in the name of the political committee. For purposes of this subsection, acronyms may not be used in the name of the political committee.
(3) Except as provided in subsection (4) of this section, all expenditures made by the political committee shall be drawn from the campaign account and:
(a) Issued on a check signed by the candidate on whose behalf the account is established, by the treasurer of the political committee or by an individual designated by the candidate; or
(b) Paid using a debit card or other form of electronic transaction.
(4) Subsection (3) of this section does not prohibit a person from making a cash or other expenditure on behalf of the political committee and receiving reimbursement from the campaign account.
(5) A contribution received by a candidate or the treasurer of a political committee, directly or indirectly, shall be deposited into the campaign account not later than seven calendar days after the date the contribution is received. This subsection does not apply to in-kind contributions received by a candidate or political committee.
(6) This section does not prohibit the transfer of any amount deposited in the campaign account into a certificate of deposit, stock fund or other investment instrument.
(7) The campaign account may not include any private moneys, other than contributions received by the political committee.
(8) A political committee shall retain a copy of each financial institution account statement from the campaign account described in this section for not less than two years after the date the statement is issued by the financial institution.
(9) Subsections (1) to (8) of this section do not apply to candidates described in ORS 260.043 (Exemptions for candidate who expects neither contributions nor expenditures to exceed $300). [2005 c.809 §3; 2007 c.570 §8]
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information